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Financing your property in Mallorca or on the Spanish
mainland has never been as favourable as today. An interest rate of
currently 4,25% and the possibility of unscheduled repayment of loan
without prepayment penalty turn property investments in Spain into an
interesting and exceptional alternative considering the current developments
on the stock markets.
Financing your property in Spain needs accurate preparation. It will
be our pleasure to assist you in finding the best partner for it.
Overview Conditions: per Mai 2011
Examplary conditions for variable
mortgage loans
(Property financing for buying) |
| Interest rate 1st year |
4,25 % |
| yearly interest rate adjustment |
from Euribor + 1,25 (without rounding up) |
| unscheduled repayment of loan |
0% - possible at any time without notarial act
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| Duration |
Maximum of 35 years (for residents in Spain)
Maximum of 20 years (non residents in Spain) |
| Financing value |
Up to 80% (for residents in Spain)
Up to 70% (for non-residents in Spain) |
EURIBOR is the abbreviation for European Interbank
Offered Rate. It represents the interest rate for time depostits in
Euro, which are traded between banks. The EURIBOR has replaced the FIBOR
(Frankfurt Interbank Offered Rate) as a reference interest rate for
loans and investment products. The EURIBOR is published daily in the
business sections of the newspapers.

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